Gymshark latest news
Gymshark is a British fitness apparel and accessories brand, manufacturer and retailer, headquartered in Solihull. The brand designs, manufactures and distributes all of its own fitness clothing.
Ben Francis (CEO and Founder), first started printing apparel under the Gymshark name in 2012 when he was just 19 years old. He did this in collaboration with his school friend Lewis Morgan, with whom he ran the business whilst studying at university and working in a part-time job. Its apparel was extremely popular which led both of them to drop their studies to focus on the business full time. In 2016, Gymshark was named as the UK’s fastest growing company in The Sunday Times Fast Track 100.
The company embraces the power of influencers and social media in its marketing. With over 5.5 million followers on Instagram, it is one of the fastest growing brands in the UK right now, being valued at upward of £1 billion. It pays upwards of over 100 influencers and top athletes to be ambassadors; these include Steve Cook, UFC heavyweight champion Francis Ngannou and upcoming boxing star Ryan Garcia.
Gymshark Products and Services
- Fitness apparel for men and women
- Workout vests
- Shorts, legging, jogging bottoms
Ben Francis is the majority shareholder of Gymshark and is the main face behind the brand. His stake in the company is rumoured to be in excess of 50%. Co-founder Lewis Morgan has partially exited the business, but still holds a 20% stake.
In 2020, US private equity firm General Atlantic purchased a 21% stake in the company, then costing it $261.7 million. Gymshark said it would use this to fund global expansion.
At present Gymshark does not have any bricks-and-mortar stores in the UK so only operates online. It is planning to open a flagship store on London’s Regent Street this summer (2022), after a successful pop-up shop stint in Covent Garden in 2020.
As of April 2022, Gymshark had around 1,000 employee,s but announced that it is to restructure its business in a move which could put more than 120 jobs at risk.
The Gymshark head office is located in Solihull, Birmingham.
Trigen House, GSHQ, Blythe Valley Park, 3 Central Boulevard, Solihull, West Midlands, B90 8AB
Also at this site, is the company’s innovation centre, GSIQ and a huge gym and fitness facility, Gymshark Lifting Club (GSLC).
Year to 31 July 2020
Pre-Tax Profit: £30.17m
Year to 31 July 2019
Pre-Tax Profit: £18.439m
Gymshark can be contacted via phone or email to their Solihull head office.
- Telephone: 01527 908 903
- Email: [email protected]
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